FxWirePro- Major Crypto levels and bias summary 
Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand 
U.S. Raises Alarm Over Chinese AI Firms’ Alleged IP Theft Through Model Distillation 
$16B Michigan Data Center Project Boosts U.S. AI Infrastructure Expansion 
Google Secures Pentagon AI Deal for Classified Projects 
Amazon Stock Rises as Meta Expands AWS Partnership for AI Infrastructure 
Geopolitical Jitters vs. Institutional Might: Bitcoin Braces for Ceasefire Clarity 
FxWirePro- Major Crypto levels and bias summary 
DeepSeek V4 Launch Signals China’s Growing AI Independence with Huawei Chips 
Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings 
Judge Dismisses Elon Musk’s Fraud Claims Against OpenAI, Trial to Proceed on Remaining Allegations 
Bitcoin Cools Down: BTCUSD Pulls Back as Risk Appetite Wanes 
Ethereum Tests the Floor: Bulls Eye a Recovery as Key Averages Hold 
Bitcoin Coils Near $77,000: Short Squeeze Potential Grows Amid Geopolitical Fog 
Ethereum in Stasis: ETHUSD Coils in Narrow Range as Geopolitical Tensions Persist 
Elon Musk's Pepe meme-related post ignited a Pepe coin surge as crypto enthusiasts brace for potential meme coin season's end while the EU prepares to enact groundbreaking AI legislation.
Elon Musk's Pepe Meme Interest Sparks Bullish Surge, Defies Meme Coin Season Trends
Today, Musk's post revealed a glimpse into the world's most famous entrepreneur's interest in the Pepe meme. Numerous responses from renowned individuals on the platform added to this sense of interest, and Pepe coin continued to paint a bullish picture for itself in the broader crypto market.
Meanwhile, with the possibility of a meme coin season-ending, DOGE, SHIB, and FLOKI have recently seen significant drops. In contrast, this rally immediately sparked bullish sentiment among investors, as market dynamics indicated a significant uptrend for the meme token.
CoinGape reports that Pepe coin's price increased by 12.82% in the last 24 hours and is now trading at $0.000009314. Pepe coin's 24-hour trading volume increased by 28.53%, and its market capitalization increased by 13.40%, indicating that bulls were taking control of the market.
Notably, Coinglass data showed a 15.33% increase in the meme coin's open interest, which reached $125.44 million, while volume increased 48.49%, reaching $1.38 billion. This indicated an uptrend in PEPE within the market, coinciding with the price surge as investors rushed in, bringing new money into the market and fueling market activity.
Trading View's technical indicators revealed a strong buying sentiment in the market. The RSI hovering around 72 indicated that the coin was ready for a consolidation phase, as an overbought condition existed. However, with Musk's post and the rally, a tidal wave of optimism for the meme coin continues.
EU's Groundbreaking AI Legislation Faces Debate Over Collaboration and Competitiveness
In a watershed moment for the tech industry, the European Union (EU) is poised to pass the most comprehensive Artificial Intelligence (AI) legislation. The EU's AI Act seeks to balance innovation and fundamental human rights. Still, collaborations with industry giants such as Microsoft have sparked debate about the law's potential limitations.
As the EU Parliament meets to finalize the legislation, concerns about its impact on the continent's competitiveness in the global AI race are raised.
Photo: CompareMarketCap/X
